Funding · Consumer Internet & Media

Nodwin gaming plans large fundraise for ipo

What they do

NODWIN Gaming is a live youth media company focused on esports and entertainment

The firm plans to raise $100-200 Mn through primary and secondary funding rounds

Founder Akshat Rathee targets an IPO soon as the company aims to monetize stakes

NODWIN Gaming plans to raise between $100-200 Mn in new capital.
This funding will include both primary shares and secondary sales of existing stock.
Founder Akshat Rathee stated the goal is to go public via an IPO as soon as possible.
The company reported an EBITDA profit of Rs 21 crore for the fiscal year 2026.
This marks a turnaround from a Rs 14 crore EBITDA loss recorded in FY25.
Majority investor Nazara Technologies holds approximately 46-47% of NODWIN's stake after recent changes.
Nazara intends to monetize its non-core holdings to focus on its primary gaming business.
NODWIN has written off Rs 50 crore in goodwill linked to past acquisitions like OML assets.

The shift from loss to profit signals improved operational efficiency for the gaming arm.
Parent company Nazara seeks to sharpen its focus on core segments by divesting peripheral assets.
The planned IPO indicates confidence in the company's valuation and future cash flows.
Secondary sales allow early investors to exit while the company raises fresh growth capital.

NODWIN positions itself as a live youth media company with gaming at its center.
It operates across esports, gaming content creation, and youth entertainment sectors.
The firm manages creator-led intellectual properties and organizes major live events.
Notable events include Comic Con and the NH7 Weekender music festival.
Founded in 2015, the company started with esports before expanding internationally.
Core business organic growth reached 25-35% during the fiscal year 2026.
The company also runs adtech businesses which are part of its divestment strategy.
International expansion was achieved through strategic acquisitions and partnerships over the years.
Revenue streams likely include event ticketing, sponsorships, and digital content monetization.

Nazara Technologies (existing) — Holds majority stake acquired in 2018; currently owns ~46-47%.